I heard on a podcast that over a billion dollars in leveraged funds was lost with margin calls today as a result of the price drop.

I am surprised that so many people are taking such dangerously leveraged positions. History always repeats itself for those who have not yet learned the great lesson of Zhou Tong.

When you trade BTC using leverage, it is only a matter of time before you get Zhou-Tonged.

Enjoy.

https://youtu.be/kdvTkddp1F0